M&T Bank Corp Buys Shares of 532,135 REX American Resources Corporation $REX

M&T Bank Corp bought a new stake in REX American Resources Corporation (NYSE:REX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 532,135 shares of the energy company’s stock, valued at approximately $17,199,000.

A number of other institutional investors also recently made changes to their positions in REX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of REX American Resources by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after purchasing an additional 390 shares in the last quarter. Aquatic Capital Management LLC raised its stake in shares of REX American Resources by 5.2% in the 3rd quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock valued at $280,000 after purchasing an additional 450 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of REX American Resources by 116.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock valued at $33,000 after purchasing an additional 580 shares in the last quarter. Finally, Diversified Trust Co. raised its stake in shares of REX American Resources by 5.4% in the 4th quarter. Diversified Trust Co. now owns 12,373 shares of the energy company’s stock valued at $400,000 after purchasing an additional 635 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00. Following the sale, the chief financial officer owned 259,170 shares in the company, valued at $11,776,684.80. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.91% of the stock is currently owned by company insiders.

REX American Resources Trading Up 2.7%

REX stock opened at $46.63 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 18.65 and a beta of 0.61. REX American Resources Corporation has a 12-month low of $19.44 and a 12-month high of $48.66. The stock’s 50 day simple moving average is $40.36 and its 200 day simple moving average is $35.57.

REX American Resources (NYSE:REX) last released its quarterly earnings data on Thursday, March 26th. The energy company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $0.14 by $1.18. The firm had revenue of $157.96 million for the quarter, compared to analyst estimates of $162.00 million. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, REX American Resources has a consensus rating of “Buy”.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.